Further to the announcement made on 20 May 2015, the Board of Kimberly Enterprises NV has been notified that the term for satisfaction of all of the conditions included in the agreement for the transfer of the 2.87 million ordinary shares in Engel Resources and Development Limited held by GBES Limited (through advocates Yury Nechushtan and Eyal Neiger as receivers) to Tazlina Global Ltd. and Gabbay Group Ltd. has been extended to 1 November 2015. In connection with the this agreement, Mr. Oded Shamir's positions as Chairman of the Board of Directors of ERD was terminated on 29 September 2015.
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- Engel Resources and Development Ltd. Terminates Oded Shamir's Position as Chairman of the Board of Directors